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20130411
20130411
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've seen it through the debt ceiling where president obama is moving in their direction and it's still never enough. it's never going to be enough. interestingly here to beth's point, you have a potential strategy here where president obama is demonstrating yet again another object lesson that the republicans are intransigent, not willing to do anything he propose's -- cenk: i got to ask you though, you're all right beth's right joe's right, he's proving over and over republicans are intransigent, but then gives republicans when they wanted and gives it to them again and again. where's the brilliant strategy on policy? isn't he getting his ass kicked? start with joe and move on down. >> it depends on how big a picture you're looking at. certainly in 2012 when we talked about the negotiations over the debt ceiling. what president obama got was an extension of unemployment benefits an extension of the painful tax holiday. cenk: whoop-to-doo! >> for someone at the end of the level, that four or five weeks made a big difference. it also mattered in the fact that it did not detrimentally af
to have runs. fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need h
have been trending lower. that could run into a problem. the big thing is, the budget deficit debt ceiling debate that is coming up after may remember, we had that. back to that again. and that could cause some headaches for the market that really does not go well. liz: and don't worry. when you say i feel i am the bearer of bad news. we just saw what is right. we just want the right news. thank you very much. it is great to see you. all the right angles on how to trim from your portfolio. a little spring gardening and cleaning. the closing bell ring in five and a half minutes. your golden ticket in the form of of a golden chocolate bar. this is one investment that even willie walker would be proud of. it is one of its hottest products he is selling right now in gold. the pieces actually break off like a longshot with squares, but what is this for? releases? coming up, we have that in a fox business exclusive plus we have you covered through the final minutes of what appears to be yet another record trading day. stay tuned. thank you orville and wilbur... ...amelia... neil and buzz
to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get rid that have and replace it with tax hikes. >> dave drucker, the gop wants to win in 2014, i get that, but if the gop becomes democrats, i don't think they are going to win in 2014. >> well, larry, i think everybody should disabuse themselves of the fact that the republicans are going to sign on to the obama budget in any form as it's presented today, and that they are going to support tax increases of any kind, and if the president thinks that the fiscal cliff deal is a way forward for him to cut more deal with the republicans he's going to be disappointed. not only is it bad for them politically, they simply don't believe in it and
without a lot of trauma drawn on and on time. the debt ceiling issue approaching as later this summer we have an opportunity. the house is going to move now and put its priorities in place in the senate what do they agree or not we are going to move now and early to reassure people america will pay its debt but to reassure investors and those watching we are serious about tackling our problems. >> host: has sequestration affected your district? >> guest: it hasn't and in fact we talked in our town hall meetings we do a lot of them, people just sort of kind of laughed when we talk about a 500 lb government being forced to lose 10 pounds. people know it's just a small step. they are upset that it looks like the white house is choosing to inflect political pain on the community such as closing local air-traffic towers but for the most part, they think it is a small but important step in the right direction. >> host: was it a political victory for republicans? >> guest: i think it helped reassure americans that we were serious about making some small but important steps in the right directio
of what we call the debt ceiling which lets the country borrow money to pay its bills. as a part of that agreement, a large number of people from both parties voted for something that hasn't turned out very well. and it's called sequestration. this is a word that gets tossed around in this chamber. it is having a real and negative impact on the country. i just came from a hearing of the armed services committee where the chairman of the joint chiefs of staff and the secretary of defense told us that nine battle groups and three bomber groups of our air force and our navy planes have been grounded. about 1/3 of the nation's air capacity isn't flying. across the country today, people who are on medicare, who need chemotherapy treatments from their doctors offices are finding that many doctors are declining to do chemo therapy treatments for cancer patients because of the cuts that take place in sequestration. i met earlier this week with employees of the naval sea systems engineering command in philadelphia whom i represent. they're looking at a 20% pay cut because of furloughs. th
is going to be positive, though, carol, we'll see some structure for deficit reform. because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action from legislateors. that's critical. >> we are taking on so many issues, agreement isn't always to be celebrated. on the issue of background checks, i don't think it's a compromise worth having. >> okay, well, i'm kind of depressed by you today, will. >> sorry. >> will kain, robert zimmerman. >>> talk about a spoiler alert. kevin bacon of "the following" reveals a major plot twist and now he's apologizing. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your
of played his game a little harder around new year's eve when the debt ceiling thing was going on because we need more taxes. this chain cpi, i don't think it's that terrible because when prices go up on certain things we buy, we as consumers do make choices to substitute for other product. sorry the highest respect for elizabeth warren i'm so happy she is in the senate -- >> stephanie: me too. and nancy pelosi agrees with you on that. >> yeah, we're in a world of tough decisions, stephanie. there just aren't any easy decisions anymore. it is going to hurt. the best thing we can all do -- david [ inaudible ] from the "new york times" wrote a small book about how the budget works. it's just interesting to understand what gets spent and how and then every one of us no matter whether we're liberal or conservative make an informed decision to say what am i prepared to give up, because it is going to be about giving something up. it's not going to be about getting more right now. >> stephanie: yeah, i do agree with you on -- that was the only leverage the president had w
me they are ready. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republ
. the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that we were serious about making some small but important steps in the right lowerion, walking those levels in was important -- locking those lower levels in was import. i believe we have the political courage to get this done. we have laid out courageous steps on medicare and medicaid to solve those. the president is willing to take some small steps towards us. host: wallace is a republican in dallas. caller: good morning. thank you for taking my call. police officer and i collect revolvers. my comment for the representative is that i have been leery when the government starts talking about protecting my
Search Results 0 to 9 of about 10